Review team: Lincoln Park's finances in bad shape

Apr. 4, 2014

Written by

Associated Press

LINCOLN PARK — A state review team has declared a financial emergency in Lincoln Park, near Detroit.

The team says Lincoln Park was $90,000 in the red by last summer. A $4.5 million balance in the city’s general fund has been depleted over three years.

The deficit likely will increase by $1 million by the end of June, but it could be worse unless there are concessions from unions representing police department employees.

The report now goes to Gov. Rick Snyder, who has 10 days to consider it. If Snyder agrees there’s a financial emergency, Lincoln Park has options, including a consent agreement with the state or the appointment of an emergency manager.

A manager would have sweeping powers over city’s finances. There is a manager next door in Allen Park.